R&D Insights: How QUALCOMM Incorporated and ON Semiconductor Corporation Allocate Funds

R&D Investment Trends in the Semiconductor Industry

In the ever-evolving world of semiconductors, research and development (R&D) is the lifeblood of innovation. Over the past decade, QUALCOMM Incorporated and ON Semiconductor Corporation have demonstrated distinct strategies in their R&D investments. From 2014 to 2023, QUALCOMM consistently allocated a significant portion of its resources to R&D, with expenditures peaking at nearly $8.8 billion in 2023, marking a 61% increase from 2014. This commitment underscores QUALCOMM's dedication to maintaining its competitive edge in wireless technology.

Conversely, ON Semiconductor's R&D spending, while more modest, has shown a steady upward trend, reaching approximately $655 million in 2021. This represents a 79% growth since 2014, highlighting ON Semiconductor's strategic focus on innovation in power and sensor technologies. Notably, data for 2024 is incomplete, suggesting ongoing developments. These insights reveal how each company navigates the dynamic semiconductor landscape, balancing innovation with fiscal prudence.